Robert J. Terracina, MBA

** ********* ***** - ****, ** 60013 Cell: 847-***-****

ac7318@r.postjobfree.com

PROFILE

An experienced risk and control professional with a diverse and proven track record within the areas of Sarbanes Oxley (SOX), Finance & Accounting, Business Risk Management, and Audit. A highly motivated self-starter with a demonstrated command for decision making and problem solving techniques and skills sought by executive management, business partners and peers on critical risk and control issues. Strong ability to interface with all levels of management and personnel to achieve business objectives. Personal attributes include meticulous job performance, and the ability to work independently as well as part of a team.

EXPERIENCE

Bank of America – Chicago, IL May 2017 to March 2018

Consultant – IT Project Manager – Fixed Income Currencies & Commodities (FICC) LOB

Partnered with key technology managers to monitor and manage various risk programs across the bank.

Proactively managed risk metrics with a focus on “at risk” or exceeding threshold risks”, worked with technology management to identify root causes and remediation actions.

Support technology teams in providing the timely, completeness and accuracy of control testing evidence required for firm-wide risk programs.

Partner with technology teams in the execution of the Risk Control Self Assessments (RCSA).

Worked with technology teams to identify root causes of identified risk gaps and partnered to design remediation plans.

Coordinated with technology managers in monitoring the execution, collection and completion of SOX control activities.

Provide support to technology management on all phases of audit activities (Internal/External) for active engagements to ensure audit objectives are met.

Worked with technology teams and Internal Audit to identify and report self-identified audit issues (SIAIs).

Support technology management on all phases of audit activities and assist management in validating preliminary audit issues and the creation of remediation plans.

Worked with technology teams in the execution of quality assurance programs to ensure the completeness of data and identify and monitor required remediation activities as required.

Discover Financial Services – Riverwoods, IL July 2015 to July 2016

Business Risk and Internal Control (BRIC) – Program Manager – Discover Student Loans (DSL)

Act as liaison/coordinator between BRIC and other corporate departments (Law, Compliance, Risk, Marketing and Credit Card) for reporting information pertaining to risk reporting and risk management initiatives.

Support BRIC management in providing reports to product line management and staff regarding the identification, evaluation, mitigation and control of operational, compliance, credit, market, and business recovery and vendor management and reputation risks.

Support efforts to ensure all applicable policies and standards are effectively implemented across DSL.

Support the control design within BRIC and assess processes for any control gaps or enhancements needed to ensure effectiveness of controls.

Work with BRIC managers to perform deep dives into DSL’S operational processes to ensure that risks and controls were adequately identified, monitored, reported, and tested..

Monitored Risk and Control Self-Assessment (RCSA) activities and reviewed findings as needed.

Discover Financial Services – Riverwoods, IL November 2014 to July 2015

Consultant - Corporate Law and Compliance

Engaged with all levels of management within the Law and Compliance Departments of the Discover Financial Services Organization while performing Risk and Control Self-Assessment (RCSA) control testing.

Defined test strategies and enhanced the testing program standards by performing walk-through and control overviews with Attorneys, Senior Management, and assigned process owners.

Supported cross-functional testing initiatives within DFS.

Supported key stakeholder in the development of test plans and scripts with a focus on the development of robust test strategies designed to identify control weaknesses, perform / determine root cause, and recommend solutions for control gaps.

Provide reporting on testing activities and results, test case coverage, required resources, defects discovered and remediation status.

Drove completion of RCSA testing to ensure identified testing milestones were met timely.

Focused on the identification of legal and regulatory impacting issues, including remediation when required.

Served as a key contact for testing, governance, and review of assigned risk controls within the Law and Compliance Departments of the Discover Financial Services Organization.

HSBC – North America– Mettawa, IL March 2011 to September 2014

Manager – Business Risk Control Management (BRCM)

Co-contributor in the development and execution of the HSBC North America BRCM Internal Control Monitoring Plan (ICMP) for Sarbanes Oxley and Operational risk to achieve the overall risk management goals required by Group HSBC.

Quality reviewed documented testing results using standard internal control testing and work paper methodologies to assess and document control effectiveness.

Primary BRCM advisor to the HNAH Chief Accounting Officer functional area and lead BRCM Risk advisory for the HNAH Corporate Accounting and Reporting (CAR) area.

Quality reviewed completed SOX audit testing by BRCM staff, both onshore and offshore to ensure quality standards for SOX and operational testing was obtained.

Managed the Finance BRCM offshore SOX team in the completion of the SOX testing completed on behalf of HNAH Mortgage lending business unit.

Lead Finance BRCM in the migration of the legacy Archer SOX Assessment Management system to the HSBC Group ORION risk system.

Managed temporary contractors in the completion of SOX audit testing during 2013 and 2014.

HSBC – North America – Mettawa, IL August 2008 to March 2011

Manager – North America SOX Compliance

Oversaw the completion of North America Sarbanes-Oxley 404 (SOX) audit work for the Core Banking functional areas, primarily the Consumer Mortgage Lending and Credit Card Services business units.

Oversaw the development of the annual risk assessment and SOX internal control-monitoring plan to ensure compliance as required for SOX 404.

Managed one onshore SOX staff accountant and four offshore staff members.

Assisted in the completion and review of SOX audit work for HSBC Central finance areas for the HSBC HBIO and HUSI legal entities, including the HNAH Consolidation and Pension functional areas.

Interfaced with both HSBC’s internal and external auditors to facilitate the efficient coordination of efforts for the execution of ICMP plan and to increase the ability to leverage North America (NA) SOX work for cost savings.

Counseled business process/control owners in the review and updating of SOX documentation and provided recommendations for improvement for the design and operation of key controls.

Prepared and communicated SOX 404 Certification assessment results to executive management and key process owners.

HSBC – Card and Retail Services (CRS) – Prospect Heights, IL May 2005 to August 2008

Manager – SOX Compliance- Card and Retail Services

Ensured the CRS Private Label Credit Card business unit was compliant with HSBC SOX 404 requirements.

Directed HSBC Corporate SOX team to identify the Private Label Credit Card key in-scope processes and complete a comprehensive control rationalization project on an annual basis.

Completed Test of Design (TOD) walk through of all key in-scope processes, prepared related process narrative documentation and work papers in order to determine the design effectiveness of identified key SOX controls.

Responsible for the completion of SOX operational effectiveness testing within designated deliverable timelines.

Communicated and reported identified control gaps to both senior management and respective process and control owners, and, provided recommendations for deficiency remediation.

Performed remediation monitoring and reporting.

Communicated SOX compliance requirements and expectations to key process control owners.

Prepared and presented the SOX assessment and executive summaries to executive management.

Facilitated audit requests from both External and Internal Auditors to ensure requested information was provided within requested timelines.

HSBC - Retail Services – Prospect Heights, Il June 2003 to May 2005

Senior Financial Analyst – Retail Services Controllers Group

Prepared monthly GLP reports for month end close process.

Composed month end credit quality reporting schedules to compare actual to plan.

Compiled necessary premium amortization journals related to merchant related pre-paid assets during month end close periods.

Coordinated and performed daily data load of TM1 databases used for daily funding of Saks, Microsoft and Yamaha from merchant data.

HSBC liaison with Saks Inc for daily Saks funding, worked with Saks personnel to resolve daily funding issues.

Assembled and prepared detailed process flow of payment processing for Saks and worked with Merchant Operation Group to resolve payment processing issues.

Prepared Saks monthly contractual servicing fee settlements.

Completed Yamaha monthly analysis and journals in compliance with the Yamaha merchant contract.

Interfaced with both HSBC Account Executives to prepare merchant profitability analysis and contractually required reporting schedules.

MOTOROLA, INC - Schaumburg, Il March 2000 to June 2003

Internal Control and Cost Accounting Manager

Provided systems, process and internal control support for the Schaumburg Manufacturing Facility.

Management of the internal audit processes including reporting Internal Control self-assessment results to Senior Corporate Management.

Responsible for managing the Oracle cost accounting system and processes for the Motorola two-way radio subscriber business within the Commercial Government Solution Sector.

Successfully transitioned cost accounting responsibilities from Plantation, FL manufacturing facility to Schaumburg manufacturing facility for subscriber business.

Performed weekly journal entry uploads to GL for subscriber business.

Completed monthly accounting close processes and reporting functions.

Responsible for quarterly standard cost update process.

Compiled daily costing of new manufacturing parts, review and approve costing of engineering changes to subscriber bill of materials.

Performed monthly inventory account reconciliation for subscriber balance sheet accounts.

Facilitated required sub-inventory and GL account maintenance and setups within Oracle cost accounting system.

EDUCATION

Executive MBA. Finance, Business Management & Strategy

Lake Forest Graduate School of Management

Bachelor of Science in Accounting (CPA emphasis), University of Illinois, Chicago, IL,

Minor: Marketing.

Certifications

Certified Internal Audit (CIA) Certification in process

Archer Administrator Certified, RSA Archer Solutions

Junior Achievement Volunteer

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